Solar Industries’ defence share may fall to 22-25% by FY30 after Omnia deal: Jefferies

Solar Industries’ Omnia acquisition could reduce the defence segment’s revenue contribution to 22-25% by FY30, Jefferies said, while agriculture and explosives gain a larger share. The brokerage expects near-term EPS dilution and higher leverage but retained its Buy rating, citing potential earnings growth of over 30% and ROE above 25%.